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Global Stevia Market Estimated To Taste Sweet Success By 2022

Pune, India,  July 11, 2017/MRFR Press Release/- Market Research Future published a Half Cooked Research  “Global Stevia Market Research Report - Forecast to 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022


Stevia Global Market - Overview


 


Stevia is a natural sweetener and sugar substitute extracted from the leaves of the plant species rebaudiana. The stevia plant has been used for more than 1,500 years by the Guaraní people of Brazil and Paraguay. These native South Americans love using this non-caloric natural sweetener in their yerba mate tea, as medicine and as a sweet treat. In these South American countries, stevia has also been used specifically as a traditional medicine for burns, stomach problems, colic and even as a form of contraception.According to a recent study report published by the Market Research Future, The global market of Stevia has increased in recent years owing to increasing awareness on the health benefits low-calorie consumable products. The market is expected to grow at a rapid pace during the forecast period (2017 – 2022).  The Stevia Market is forecasted to demonstrate a spectacular growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2017 – 2022). Steviol glycosides have zero calories. Stevia-based tabletop sweeteners can have zero or minimal calories per serving, depending upon the other food ingredients with which they are combined. These factors could have a positive effect on those looking to control weight or manage diabetes. The sweet components in stevia sweeteners are naturally occurring, which further benefit consumers who prefer perceive their foods and beverages as natural or for weight loss. The growing awareness about the health benefits associated with stevia is leading to the extensive use of these products in the food and beverage sector, thus driving the growth of the stevia market.Increased demand for stevia-based products is attributed to the product development, improved taste, and versatility, along with high levels of marketing support which in turn is fueling the market growth. Some cold drinks manufacturers and energy drink companies are widely using Stevia instead of sugar in to the sparkling drinks that have low sugar content, and the zero-calorie stevia-based drinks to expand its consumer base. Such innovations in them market will attract customers and will enhance the growth of the stevia market during the forecast period. Additionally, the introduction of several stevia based products is providing impetus to the Stevia Market growth. Health organizations advocate the use of low-calorie sugar substitutes, while calling for higher production of stevia. Further, demand for natural ingredient products and antioxidants are additional factors expected to propel growth of Stevia market. 


However, the U.S. Food and Drug Administration have not approved stevia leaves or "crude stevia extracts" for use as food additives. Studies on stevia in those forms raise concerns about the control of blood sugar and effects on the reproductive, cardiovascular, and renal systems, the FDA warns. Also, there are some health concerns surrounding the stevia plant. Stevia may cause low blood pressure, which would be of concern to some taking blood pressure medications. Stevia may also interact with anti-fungal, anti-inflammatories, anti-microbial, anti-cancer drugs, anti-viral, appetite suppressants, calcium channel blockers, and cholesterol-lowering drugs, drugs that increase urination, fertility agents and other medications. Such factors may restrict the market growth of Stevia during the forecast period.


Stevia Global Market   - Key Players


The Stevia Market appears to be highly competitive. Key players operating in the market compete on the basis of price, quality, product differentiation, distribution, and promotion. The growing demand for low-calorie beverages such as juices, flavored water, sports drinks, energy drinks, and soft drinks is prompting the manufacturers to make products that are not only unique but also healthy. This is further intensifying the competition in the market. The key strategies traced from the analysis of recent developments of the key players include Product Launch, Agreement & Partnership, Acquisition and expansion


Profiled in MRFR Analysis some of the key players in Stevia market are Purecircle, Ingredion Inc. Tate & Lyle Plc. ,Evolva  , Stevia Corp., Cargill Inc., GLG Life Tech Corp., Stevia Biotech Pvt. Ltd, Steviafirst and Xinghua GL Stevia Co.Ltd


Access Report Details @ https://www.marketresearchfuture.com/reports/stevia-market-1747


Stevia Global Market   - Segments


Stevia Market can be segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;



  • Segmentation by Form: Comprises Powder, Drop, Capsule, Syrup, Tablets and Others.

  • Segmentation by Application: Comprises table top sweeteners, confectionery, dietary supplements, pharmaceuticals and others.

  • Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.


Stevia Global Market - Synopsis


Secondary data reveals that the stevia market is projected to grow more than 7% annually post the year 2022.


Consumer’s demand for healthy alternative to table sugar is on increase. Stevia is low caloric, doesn’t affect the blood glucose level. It is trending due to its low caloric property, it helps people maintain their daily calories and low carb intake


Regional Analysis


China dominates the stevia market in terms of production and exports. In terms of geography, the APAC region is the largest contributor to this market as the demand for products containing stevia as an ingredient is on the rise in this region. Based on regional analysis, Asia Pacific excluding Japan (APEJ) and North America will continue to dominate the global stevia market. Low cost of production and availability of skilled resource is a major factor driving for the market growth in APEJ.


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Market Research Future


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Email: akash.anand@marketresearchfuture.com

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